Mineral Resource Upgrade
Search documents
Heliostar Drills 83.2m Grading 17.35 g/t Gold from 76.0m and Expands Program to 20,000m
Newsfile· 2025-11-24 11:30
Core Viewpoint - Heliostar Metals Ltd. is advancing its drilling program at the Ana Paula project in Guerrero, Mexico, aiming to convert inferred resources to higher confidence classifications and support an ongoing Feasibility Study [2][3]. Drilling Program - The company has completed 44 drill holes totaling 12,615 meters, with a focus on defining the High Grade Panel's east-west orientation [4]. - A change in drilling direction by approximately 90 degrees from historic intercepts has led to the discovery of more continuous and higher-grade gold mineralization [4]. Drill Results Summary - Significant drill results include: - Hole AP-25-334: 92.05 meters grading 4.33 grams per tonne (g/t) gold [6]. - Hole AP-25-336: intervals of 3.2 meters at 15.58 g/t, 65.15 meters at 5.39 g/t, and 43.55 meters at 4.66 g/t gold, with a notable 3.05 meters at 24.64 g/t gold [6]. - Hole AP-25-333: 83.2 meters grading 17.35 g/t gold, including 46.65 meters at 27.35 g/t gold [7]. Future Plans - The drilling program will be expanded by 33% to a total of 20,000 meters to allow for more infill and exploration drilling at Ana Paula [3]. - Additional studies, including a Prefeasibility Study for Cerro del Gallo, are planned for the current quarter [3]. Quality Assurance - Drill core samples are sent for analysis to certified laboratories, ensuring quality control through systematic insertion of control samples [18][19].
Firefly Metals boosts Green Bay resource 51% - ICYMI
Proactiveinvestors NA· 2025-11-21 07:51
Core Insights - FireFly Metals Ltd reported a 51% increase in the mineral resource estimate at its Green Bay project, now totaling just under 80 million tonnes at 2.20% copper equivalent, equating to 1.70 million tonnes of copper equivalent [1][7]. Resource Classification - The updated resource classification includes 50 million tonnes in the measured and indicated category, while nearly 30 million tonnes remain in the inferred category [2][8]. - The inferred category contains 19.90 million tonnes grading nearly 4.00% copper equivalent, which is a focus for further drilling to convert into the measured and indicated category [3][9]. Metal Composition - Copper is the dominant metal in the updated resource, with an increase in gold as a by-product credit, while silver content remained largely unchanged [4][10]. - The company does not consider zinc or other metals to be present in significant quantities [4][11]. Ongoing Operations - Eight drill rigs are currently active on-site, with ongoing work to further grow the resource, particularly through regional testing of new gold and silver targets [5][8]. - The company aims to convert high-grade material into the measured and indicated category to support engineering studies planned for release between April and May 2026 [3][9].
West Red Lake Gold Commences 5,000 Metre Drill Program at Rowan
Globenewswire· 2025-10-28 07:44
Core Viewpoint - West Red Lake Gold Mines Ltd. has initiated a fully funded infill and conversion drilling program at its 100% owned Rowan Project, aiming to enhance resource confidence and support future economic studies [1][3]. Summary by Sections Project Overview - The Rowan Project is located in the Red Lake Gold District of Northwestern Ontario, Canada, and is projected to produce 35,000 ounces of gold annually according to the Preliminary Economic Assessment (PEA) [1][3]. - The company aims to increase the combined production rate to up to 100,000 ounces per year in the coming years through successful permitting and development [3]. Drilling Program - The drilling program will consist of 5,000 meters of HQ diameter diamond drilling, focusing on infill drilling on Veins 001 and 004 and conversion drilling on Veins 006b and 013 [5]. - Approximately 63% of the tonnes and 72% of the ounces in the PEA are already classified as Indicated resources [5]. Economic Assessment - The PEA indicates robust preliminary economics for an underground mine at Rowan, with an average grade of 8.0 grams per tonne gold over a 5-year mine life [5]. - The combined Pre-Feasibility Study (PFS) is expected to be completed by Q3 2026, establishing a valuation benchmark for the total Red Lake assets [4]. Permitting and Regulatory Framework - The new One Project, One Process permitting framework in Ontario is anticipated to expedite the permitting process for projects like Rowan [4]. - The Advanced Exploration permit is targeted for approval in 2027, which is crucial for bulk sample extraction [5]. Resource Potential - The Rowan resource comprises 26 domains with multiple parallel veins, with significant potential for resource expansion and upgrade [7][10]. - The highest-grade intercept recorded at Rowan was 70.8 g/t gold over 8.3 meters, indicating potential for deeper mineralization [10]. Historical Context - Previous drilling campaigns primarily focused on visible gold in quartz veining, often neglecting surrounding rock, which may have led to an underestimation of the resource [9]. - The 2025 drilling program aims to fill gaps in historical data and reassess the potential of Veins 006b and 013 for mine design [9]. Company Background - West Red Lake Gold Mines Ltd. is focused on advancing its flagship Madsen Gold Mine and the associated land package in the Red Lake district, which has historically produced over 30 million ounces of gold [23].
Forsys Announces Commencement of Expansion Drill Program at Namibplaas
Globenewswire· 2025-08-05 11:00
Core Viewpoint - Forsys Metals Corp. has initiated a drill program at its Namibplaas uranium property, consisting of 64 drill holes over approximately 12,500 meters, following the fulfillment of all regulatory requirements [1][3]. Group 1: Drill Program Details - The drill program aims to infill and upgrade the existing Namibplaas mineral resource to the Measured and Indicated category and to explore down dip mineralization potential [3][5]. - A total of 44 drill holes, approximately 9,350 meters, are planned for Area B to support the upgrade of the currently classified Inferred resource [5][6]. - An additional 12 drill holes, around 1,915 meters, are designated for geotechnical drilling and geometallurgical sampling at Namibplaas [6]. Group 2: Resource Expansion Potential - The Namibplaas resource is currently defined on the historic radiometric Anomaly-B, while higher radiometric signatures are observed at Anomaly-A, approximately 2 km to the west, indicating potential for resource expansion [8][9]. - A reconnaissance drill program will test for uranium mineralization in fresh rock below 50 meters depth at Anomaly-A, which has shown significant potential for mineralization due to high scintillometer signatures [9][10]. Group 3: Project Ownership and Licensing - The Norasa Uranium Project, which includes both the Valencia and Namibplaas uranium deposits, is wholly owned by Valencia Uranium (Pty) Ltd., a subsidiary of Forsys Metals Corp. [4][15]. - The Valencia deposit is under a 25-year Mining Licence (ML-149) valid until 2033, while the Namibplaas deposit is under Exclusive Prospecting Licence (EPL-3638) [4].
NexGold Continues to Intersect High-Grade Gold Mineralization at the Goldboro Open Pit Gold Project, Including 50.73 g/t gold over 6.65 metres and 5.28 g/t gold over 19.20 metres
Globenewswire· 2025-07-17 11:00
Core Insights - NexGold Mining Corp. has announced additional drill results from a 26,854-metre diamond drill program at its Goldboro Open Pit Gold Project in Nova Scotia, aimed at improving geological and grade continuity of the Mineral Resource [1][2][3] - The company has released results from 100 drill holes, approximately 71% of the infill program, indicating consistent mineralization with previous results and local adjustments to the geological model [3][4] - High-grade gold assays have been reported, with significant intersections including 50.73 g/t gold over 6.65 metres in drill hole BR-25-559 [4][9] Drill Program Details - The drill program is designed to infill specific areas of the open pit Mineral Resource to potentially upgrade Inferred and Indicated Mineral Resources [1][2] - The assay results from 14 additional diamond drill holes total 3,347.0 metres, focusing on the proposed west and east pits [1][3] - The geological model broadly predicts the location of gold mineralization, with adjustments made for local variations [3][4] Assay Results Highlights - Significant drill intersections include: - 50.73 g/t gold over 6.65 metres in BR-25-559, with sub-intervals of 253.00 g/t over 1.00 metre and 115.30 g/t over 0.60 metres [4][9] - 5.28 g/t gold over 19.20 metres in BR-25-562, including 56.00 g/t over 1.00 metre [4][9] - 59.60 g/t gold over 0.85 metres in BR-25-565 [4][9] Future Plans - The company has begun updating the Mineral Resource for Goldboro, which will inform an updated Feasibility Study [2][3] - The forthcoming Mineral Resource Estimate is planned for the second half of 2025, taking into account additional assay data from the drill program [3][4] Company Overview - NexGold Mining Corp. is focused on gold mining with assets in Canada and Alaska, including the Goldboro Gold Project and the Goliath Gold Complex [18][19] - The company is committed to sustainable practices and community engagement throughout its project lifecycle [19][20]
NexGold Infill Drilling Continues to Intersect High Grade Gold Mineralization at the Goldboro Gold Project; 3.58 g/t Gold Over 18.3 Metres, 2.79 g/t gold over 19.7 Metres and 103.50 g/t Gold Over 0.7 Metres
Globenewswire· 2025-06-26 11:00
Core Insights - NexGold Mining Corp. has completed a 25,000-metre diamond drill program at its Goldboro Gold Project in Nova Scotia, with a total of 26,854 metres drilled across 141 holes, exceeding the initial plan due to efficiencies and additional twinning of historic drill holes [1][2][3] Drilling Program Update - The infill drilling program aims to improve geological and grade continuity and potentially upgrade Inferred and Indicated Mineral Resources [1] - The company will continue to report assay results through Q3 2025 as they become available [2] - Early assay results from the proposed east and west pits have shown positive outcomes, indicating the presence of gold mineralization consistent with previous results [3][4] Mineral Resource Update - The company plans to update the Goldboro Mineral Resource based on the new data, which will serve as the foundation for a planned Feasibility Study update [3] - The timing of the drill program completion aligns with the recent Notice of Completion for the Nova Scotia Industrial Approval for the project [3] Assay Results - Selected drill intersections include: - 3.58 g/t gold over 18.3 metres in drill hole BR-25-530, including 59.40 g/t over 0.6 metres [6] - 2.79 g/t gold over 19.7 metres in drill hole BR-25-544, including 72.80 g/t over 0.5 metres [6] - 103.50 g/t gold over 0.7 metres in drill hole BR-25-523 [6] - The company has released results from approximately 34% of the infill program, confirming the geological model's predictions while also identifying new mineralization in previously under-drilled areas [4] Technical and Quality Assurance - The company has implemented a quality assurance and quality control (QA/QC) program to ensure compliance with industry standards for sampling and analysis [12] - Assays are conducted using fire assay methods, with additional checks for samples exceeding 0.5 g/t Au [13][15] Company Overview - NexGold Mining Corp. is focused on gold mining, with assets in Canada and Alaska, including the Goldboro Gold Project and the Goliath Gold Complex [17] - The company emphasizes sustainable practices and community engagement throughout its project lifecycle [17]